Laos Taps Hydropower Surplus for Cryptocurrency Mining

Laos is leveraging its hydropower surplus to explore cryptocurrency mining amid rising national debt. The government seeks to monetize excess electricity, generating foreign currency while diversifying state revenue sources. Monetizing Hydropower Surplus to Service National Debt Laos faces one of the highest debt-to-GDP ratios in Southeast Asia, largely due to large-scale hydropower projects financed through international loans, primarily from China. Dubbed the “Battery of Southeast Asia,” the country produces more electricity than domestic demand and export capacity can absorb source: https://beincrypto.com/laos-taps-hydropower-surplus-for-cryptocurrency-mining/